Access Holdings Plc (“the Group”) has announced an extension of the acceptance period for its ongoing Rights Issue. Initially set to close on August 14, 2024, the period has now been extended to August 23, 2024, following the approval of the Securities & Exchange Commission (SEC). The statement, signed by the Group’s Company Secretary, Sunday Ekwochi, confirmed that, “The decision ...

. ……..Says NNPC Ltd Witnessing Improved Growth in Crude Production….. The Group CEO of NNPC Ltd., Mr. Mele Kyari, has called on the military to sustain the war against crude oil theft and pipeline vandalism saying the current onslaught against the menace has yielded improved growth in the nation’s crude oil production. Kyari made this appeal when he received in ...

In furtherance of its long-standing support to African oil and gas producing countries and development of local content in the continent, the Nigerian Content Development and Monitoring Board (NCDMB) on Monday, August 12, 2024, in Lagos began a five-day knowledge sharing programme with the Petroleum Commission of Ghana. The engagement seeks to establish technical cooperation between the NCDMB and the ...

The forth-coming Namibia Oil and Gas Conference billed for 20-22 August with the theme “THE NEXT STEP TOWARDS A PROSPEROUS OIL AND GAS INDUSTRY TO POWER NAMIBIA’S SUSTAINABLE FUTURE has speakers drawn from all around Africa and beyond with Mr. Ejike Egbuago, CEO, Moneda Invest who in this interview explains that immigration control and tax incentives are two critical factors ...

OPEC’s crude oil production jumped by 185,000 barrels per day (bpd) in July compared to June as top producer Saudi Arabia boosted output, Iraq continued to pump well above its quota, and Iran also raised supply, the monthly OPEC report showed on Monday. Total crude oil production from all 12 OPEC members averaged 26.75 million bpd last month, up by ...

The Federal Government of Nigeria, through the Ministry of Petroleum Resources, has partnered with organizers to host the second edition of the Gas Investment Forum 2024. The event is scheduled to take place from October 22nd to 24th, 2024, at Oriental Hotel, Lagos. The forum, inspired by Nigeria’s vast gas resources and its potential to drive economic growth, industrialization, and ...

Chevron Corporation on Monday launched production at its $5.7-billion Anchor project in the Gulf of Mexico, making history with the first-ever successful application of new high-pressure technology for ultra-deep reservoirs. The technological breakthrough represents the first time the industry has seen successful production in the U.S. Gulf of Mexico, where drillers encounter significant subsea pressure that has until now evaded ...

…….by Ben Ndubuwa……The Lagos Chamber of Commerce and Industry (LCCI) is set to put in place another international business event in addition to its flagship event – the age-long annual Lagos International Trade Fair. In partnership with the Ministry of Foreign Affairs and the Ministry of Industry, Trade and Investment LCCI will be hosting the 2024 LCCI International Business This ...

……All Projects to End Routine Flaring Intact…..Seplat Energy plc, foremost indigenous energy company, has reassured all stakeholders of its commitment to drSeplat Energy’s Sustainability Commitments on Trackiving and ensuring a sustainable business and creating increased value for people and the environment. The company also reiterated its resolve to addressing the dual challenges of ensuring energy security and meeting climate change ...

……….by Ben Ndubuwa…..The Crude Oil Refinery-owners Association of Nigeria (CORAN) is set to hold the inaugural edition of the Nigerian Crude Oil Refining Summit scheduled for October 7th and 8th, at the Eko Hotel & Suites, Lagos. This critical event, themed “Making Nigeria a Net Exporter of Petroleum Products,” comes at a crucial time for the Nigerian oil industry as ...